Insight
Libya oil port blockades: one million b/d of production at risk
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Report summary
On 17 January, eastern Libya oil ports controlled by the Libyan National Army (LNA) were closed and oil exports stopped. Two days later, militia linked to the LNA shut-in production at the El Sharara and El Feel fields in the southwest of Libya. Production is already falling from over 1 million b/d and could reach under 100,000 b/d, with oil flowing only from offshore fields and the western Wafa field. This is the latest in a long running battle for power between the internationally recognised Government of National Accord (GNA) and its opposition backed by the LNA. We don’t expect the blockade to last more than two weeks, but lack of a resolution means risks remain high for Libyan oil production.
Table of contents
- Failure to reach agreement sparks closure of ports
- Production could be restored in up to two weeks
- One million b/d production removed has limited impact on oil price – for now
- What next for Libya?
Tables and charts
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Libya oil production
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